Five trades yesterday for me including one full target, one stop loss, two break-even trades and a small loser. Overall, we added to the account which is always nice to record. Today we’ve already had five trades and it’s a strong day. So i’m pretty much done already.
These are the trades from yesterday which I sent out as signals.
Find out more about signals: https://thedaxtrader.co.uk/daxtrader-signals-results/
On the daily chart, the bounce continues from that downsloper, but 640 remains the most obvious level to watch as far as deciding the trend-defining level.
There is perhaps a compression pattern forming here, it’s not the strongest pattern I have ever seen, but the physics analogy still stands; when you press on a spring, you create potential energy (compression) which turns into kinetic energy (movement) and it shoots away from its position. The same is true in financial markets.
We can see a minor bullish trend forming, it’s not very aggressive, but the mechanics are visible (higher highs and higher lows). Overall, the minor bullish price action is still below the 640 trend-defining level. Notice how we have tagged the exposed POC from Friday this morning
|FDAX KEY LEVELS|
|Point of Control :||11437|
|Value Area High :||11457|
|Value Area Low :||11385|
|DAX KEY LEVELS|